Posted on 02/01/2021 5:23:47 AM PST by Presbyterian Reporter
“[So when hedge fund managers get together and make their short sell evaluations and plans, is that conspiracy?]
No - because they have more money to defend themselves from the Feds. Of course, if the people involved in Wall Street Bets are able to raise enough GoFundMe money to mount a strong legal defense, who knows what might transpire.”
Did not answer the question, saying they have money to fight the charge is not the same as saying it’s not illegal.
If 2 or 3 multi hundred million hedge fund managers get together over lunch and decide to short a stock because the numbers look good to make money on such strategy is that illegal market manipulation/conspiracy? If one hedge fund managers call all company employees together and tells them he wants to drive the price of a stock down, employees all say great idea and start carrying out trades to drive a stock price down, are they guilty of manipulation/conspiracy?
First notice day for the FEB 2021 Futures Contract was 1/29/2021
https://www.barchart.com/futures/first-notice-dates/metals
The First Notice Dates Calendar shows the first day on which the buyer of a futures contract can be called upon to take delivery, or on which the seller can issue a notice of intent of delivery of a futures contract.
Anyone can post on WSB, and I’m sure there are a huge number of sharks that would LOVE, absolutely and passionately love, to see WSB traders dump GME into their shorts and dive into silver futures. That’s a market that can swallow a few billion in seconds.
> “If a group gets to gether and discusses some illegal action (such as market manipulation) ...”
Getting together to buy a stock is a long held practice of investment clubs. Whoever wrote this garbage is proposing assault under color of law.
What is ‘market manipulation’?
“Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market; the most blatant of cases involve creating false or misleading appearances with respect to the price of, or market for, a product, security or commodity.”
WSB is NOT interfering in the free and fair operation of any market operation.
[Did not answer the question, saying they have money to fight the charge is not the same as saying it’s not illegal.
If 2 or 3 multi hundred million hedge fund managers get together over lunch and decide to short a stock because the numbers look good to make money on such strategy is that illegal market manipulation/conspiracy? If one hedge fund managers call all company employees together and tells them he wants to drive the price of a stock down, employees all say great idea and start carrying out trades to drive a stock price down, are they guilty of manipulation/conspiracy?]
I don’t see the fish biting like they did last week.
I am holding for the inevitable Biden EO requiring solar panels on every square inch of US soil. have had the same pile of silver for years and did buy some last week just for fun. It has never done anything worth me holding really.
Re: 29 - APMEX may be a solid company, but waiting too long can be an indicator of a company that’s selling what it doesn’t have on hand or is not en route to their facility.
For me, when I click the button to make an online purchase, the expectation is that if there is no notice saying otherwise, that shipment of silver to me will be prompt - within days.
“What is illegal?”
In your personal opinion is the conduct I described in the 2 examples legal or illegal?
[Getting together to buy a stock is a long held practice of investment clubs. Whoever wrote this garbage is proposing assault under color of law.]
And in some cases, there’s an unspoken quid pro quo involved vis-a-vis one of the aggrieved parties. Want future campaign contributions from a hedge fund, or the financial sector at large, in your run for Congress or governor? Persecute Wall Street Bets for their insolence in going after the financial elites. What better evidence that you are simpatico re moneyed interests than the imposition of life terms for the small fry aiders and abettors of this imbroglio?
[In your personal opinion is the conduct I described in the 2 examples legal or illegal?]
I think this silver thing was a diversion to try to get GME holders to sell.
“Historically silver has been underpriced for a long time...”
————————
Historically silver has been manipulated for a long time....fixed it for you.
Now that is what needs to be watched. Without going into detail, what is the possibility Comex has a “ delivery failure”?
Now that is what needs to be watched. Without going into detail, what is the possibility Comex has a “ delivery failure”?
I got in on AG last week.
Silver is magic and kills all bacteria and viruses
And you don’t really need a lot of it
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